It Did Not Immediately Respond To A Request For Comment.

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The scale of the Cincinnati project suggests it will take on cargo airlines such as FedEx Corp and United Parcel Service Inc , said Marc Wulfraat, president of logistics consultancy MWPVL International Inc.Amazon has said its plane leases are designed to supplement, rather than replace its cargo partners. It did not immediately respond to a request for comment. "They're going to become a full-fledged competitor to UPS," Wulfraat said. The $1.49 billion investment could have bought Amazon six warehouses, but the e-commerce giant is instead making a longer-term move aimed at lowering shipping costs, he added. Amazon only has disclosed leasing 40 Boeing Co 767 planes to date, 16 of which are in operation. It has been building operations at smaller airports across the country.[nL1N1E70UB] Amazon will lease 919 acres (372 hectares) from the airport, and the south lot it plans to build out first will have more than 100 parking spaces for planes, said Cincinnati airport's McGraw. The world's largest online retailer would have to contract dozens more planes worth billions of dollars at current list prices to fill its future hub's parking spaces, and still more if it wants to operate routes that do not include Cincinnati. Amazon's plane leases were for 10 years or less. The airport lease is for 50 years. The size and term of the deal has convinced McGraw that Amazon's air cargo business is more than a trial service. "I have complete confidence they're all in," McGraw said.

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The UK would continue to push for "a twin-track approach" to the Middle East peace process which also recognised Israel's right to be safe from terrorism, she added. Image copyright AFP Image caption Benjamin Netanyahu arrived a couple of minutes early in Downing Street The US has imposed sanctions on Iran following the testing of a missile - reportedly a medium-range ballistic missile - last month. The UK was one of the signatories to the 2015 international agreement by which Iran agreed to curb its nuclear programme in return for the lifting of economic penalties. At the start of his meeting with Mrs May, Mr Netanyahu said: "Iran seeks to annihilate Israel. It seeks to conquer the Middle East. It threatens Europe. It threatens the West. It threatens the world. And it offers provocation after provocation." He added: "That's why I welcome President Trump's assistance of new sanctions against Iran. I think other nations should follow suit, certainly responsible nations." Mrs May's spokeswoman said: "We share concerns about that test. It was discussed at the UN and we made clear our position.

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